Information for Borrowers

Program Overview for Borrowers

Potential borrowers can familiarize themselves with the program overview, review eligibility in the program term sheets, and speak to an eligible lender about applying for program loans.

How it works

Interested businesses will work with an eligible lender to determine if they meet the program requirements, which are available online, as well as the lender’s own underwriting standards. The lender will determine whether a business is approved for a loan. The Fed will participate in the lending by purchasing a 95% interest in the loan. The lender retains 5% of the loan.

Other resources

The Main Street program aims to assist businesses that employ a major share of the American workforce. For smaller businesses, in addition to reviewing the Main Street Lending Program materials, it may be useful to consult the Small Business Administration’s Coronavirus Small Business Guidance & Loan Resources and the Treasury’s Community Development Financial Institutions Fund - Tools and Resources, which has a list of current certified CDFIs, many of which make loans to small businesses and provide technical assistance.*

*Please note, information about these lenders is provided as a convenience and for informational purposes only. This does not constitute an endorsement or an approval by the Federal Reserve Bank of Boston or Federal Reserve System.


Frequently Asked Questions (FAQs)

Questions and answers providing more information on the program

Terms & Conditions

Information on eligibility and terms



General Inquiries (Not for Document Submission)

To submit a comment on the proposed NONLF and NOELF term sheets, please use our feedback form.

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